Streetbeat News

Partnerships

MEG

Montrose Environmental Group has secured a $249 million contract with the US Army Corps of Engineers to provide environmental services. This contract is a significant win for the company, potentially boosting its revenue and market position.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:01 am

ERIC

IDGT

TDIV

Ericsson reported a 4% decline in Q3 sales but exceeded analyst expectations with $5.93 billion in revenue, boosted by a $14 billion deal with AT&T for Open RAN deployment. The company saw improved margins and EPS, with a positive outlook for North American market recovery.

Portfolio Pulse from Anusuya Lahiri

October 15, 2024 | 10:50 am

NAT

Nordic American Tankers (NAT) has signed a 5-year time charter contract with a major energy firm, starting in November 2024. The rate is in the mid-high 30's.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:44 am

SYRE

Paragon Therapeutics has granted Spyre Therapeutics an exclusive license to develop, manufacture, and commercialize antibodies targeting IL-23 for irritable bowel disease. Paragon will receive up to $22 million in milestone payments, including $2.5 million upon the first human dosing in a Phase 1 trial.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:41 am

ESCA

Escalade, Inc. (NASDAQ:ESCA) has announced that its subsidiary, US Weight, will be the official U.S. distributor for adidas Fitness accessories. This partnership enhances US Weight's portfolio, which includes brands like Lifeline Fitness and The Step.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:13 am

AKAM

KD

Akamai Technologies has partnered with Kyndryl to offer micro-segmentation implementation services using Akamai's Guardicore Segmentation. This collaboration aims to enhance security measures for clients by providing advanced segmentation solutions.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:06 am

SHAK

Shake Shack has partnered with Skip, a Canadian delivery network, to offer exclusive delivery and pickup services in Toronto. This partnership allows Torontonians to enjoy Shake Shack's menu from home, expanding Shake Shack's reach in the city.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:04 am

WOLF

Wolfspeed Inc. (NYSE:WOLF) saw its stock jump over 16% after signing a $750 million funding deal with the U.S. Department of Commerce under the CHIPS and Science Act. This funding, along with additional financing from a consortium, aims to boost Wolfspeed's silicon carbide production in the U.S.

Portfolio Pulse from Pooja Rajkumari

October 15, 2024 | 10:04 am

KLTO

Klotho Neurosciences, Inc. (NASDAQ:KLTO) has appointed Peter Moriarty, co-founder of Shire Pharmaceuticals, as its new Chief Operating Officer. Moriarty's extensive experience in the pharmaceutical industry is expected to aid Klotho in advancing its pipeline of cell and gene therapies for aging and age-related diseases.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 10:03 am

VSAT

Viasat, Inc. (NASDAQ:VSAT) has successfully demonstrated direct-to-device satellite connectivity in India, showcasing two-way messaging services at the India Mobile Congress. This breakthrough, in partnership with BSNL, highlights the feasibility of satellite services for consumer and IoT devices, aligning with new global mobile standards.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:47 am